DeGRAM | GOLD reached the upper boundary of the channel
📊 Technical Analysis
● XAU/USD has reached the 3,700 resistance, forming a rejection wick that signals weakening bullish momentum at the upper channel boundary.
● A pullback scenario is favored, with downside targets aligning at 3,674 support first and then 3,656 if selling pressure extends.
💡 Fundamental Analysis
● Gold is facing renewed headwinds from stronger US Treasury yields, while dollar demand remains firm on expectations of a prolonged restrictive Fed stance.
✨ Summary
Bearish below 3,700; targets 3,674 → 3,656. Invalidation on a close above 3,705.
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● XAU/USD has reached the 3,700 resistance, forming a rejection wick that signals weakening bullish momentum at the upper channel boundary.
● A pullback scenario is favored, with downside targets aligning at 3,674 support first and then 3,656 if selling pressure extends.
💡 Fundamental Analysis
● Gold is facing renewed headwinds from stronger US Treasury yields, while dollar demand remains firm on expectations of a prolonged restrictive Fed stance.
✨ Summary
Bearish below 3,700; targets 3,674 → 3,656. Invalidation on a close above 3,705.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Operación cerrada: objetivo alcanzado
The upper support level has been broken downwards!
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🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
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La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.